TABLE OF CONTENTS CHAPTER 12.- SAFE DEPOSIT BOXES Sec. 1850 . Tax. Sec. 1851 . Collection of tax by lessor. Sec. 1852. Returns. Sec. 1853 . Payment of tax. Sec. 1854. Refunds and credits. Sec. 1855 . Regulations. Sec. 1856 . Applicability of administrative provisions. Sec. 1857. Definition of safe deposit box. Sec. 1858 . Publicity of returns. Sec. 1859. Effective date of chapter. CHAPTER 12-SAFE DEPOSIT BOXES SEC. 1850. TAX . (a) RATE.-T here shall be imposed a tax equivalent to 10 per centum of the amount collected for the use of any safe deposit box. (b) BY WHOM PAID. -The tax imposed by subsection (a) shall be paid by the person paying for the use of the safe deposit box. SEC. 1851. COLLECTION OF TAX BY LESSOR. (a) REQUIREMENT.- Every person making any collections speci- fied in subsection (a) of section 1850 shall collect the amount of tax imposed by such subsection from the person paying for the use of the safe deposit box. (b) CRoss REFERENCE. - For provision requiring the amount of tax so collected to be held in a special fund in trust for the United States, see section 3762. SEC. 1852 . RETURNS. (a) REQUIREMENT.-Every person making any collections specified in subsection (a) of section 1850 shall on or before the last day of each month make a return, under oath, for the preceding month. Such returns shall contain such information and be made in such manner as the Commissioner, with the approval of the Secretary, may by regulations prescribe. (b) PLACE FOR FILING.-The return shall be made to the collector for the district in which is located the principal place of business of the person making any collections specified in subsection (a) of section 1850, or, if he has no principal place of business in the United States, then to the collector at Baltimore, Maryland. SEC. 1853 . PAYMENT OF TAX. (a) TIME FOR PAYMENT.- The tax imposed by section 1850 shall, without assessment by the Commissioner or notice from the collector, be due and payable to the collector at the time fixed for filing the return. (b) PLACE FOR PAYMENT.-The tax shall be paid to the collector for the district in which is located the principal place of business of the person making any collections specified in subsection (a) of section 1850, or, if he has no principal place of business in the United States, then to the collector at Baltimore, Maryland.' (c) ADDTION TO THE TAX IN CASE OF DELINQUENCY. -If the tax is not paid when due, there shall be added as part of the tax interest at the rate of 6 per centum per annum from the time the tax became due until paid. 205
�
